Benchmark Reaffirms “Buy” Rating for Trip.com Group (NASDAQ:TCOM)

Trip.com Group (NASDAQ:TCOM)‘s stock had its “buy” rating reiterated by investment analysts at Benchmark in a research report issued on Tuesday,Benzinga reports. They currently have a $80.00 target price on the stock. Benchmark’s price target would indicate a potential upside of 28.51% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Mizuho raised shares of Trip.com Group to a “strong-buy” rating in a research note on Friday, May 2nd. StockNews.com lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Saturday, April 26th. Finally, JPMorgan Chase & Co. reduced their target price on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $77.25.

Trip.com Group Trading Down 1.8%

Shares of TCOM stock opened at $62.25 on Tuesday. The company has a market capitalization of $40.67 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 0.67 and a beta of 0.08. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average price of $60.40 and a 200 day moving average price of $64.55. Trip.com Group has a twelve month low of $38.23 and a twelve month high of $77.18.

Hedge Funds Weigh In On Trip.com Group

A number of institutional investors have recently added to or reduced their stakes in the company. abrdn plc increased its position in shares of Trip.com Group by 0.5% during the fourth quarter. abrdn plc now owns 29,598 shares of the company’s stock worth $2,032,000 after acquiring an additional 150 shares during the last quarter. Cetera Investment Advisers increased its holdings in Trip.com Group by 0.7% during the 1st quarter. Cetera Investment Advisers now owns 22,704 shares of the company’s stock worth $1,444,000 after purchasing an additional 166 shares during the last quarter. Principal Securities Inc. raised its position in shares of Trip.com Group by 46.8% in the 4th quarter. Principal Securities Inc. now owns 530 shares of the company’s stock valued at $36,000 after purchasing an additional 169 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Trip.com Group by 1.6% during the 4th quarter. Rhumbline Advisers now owns 12,014 shares of the company’s stock valued at $825,000 after buying an additional 184 shares during the last quarter. Finally, Blair William & Co. IL grew its position in shares of Trip.com Group by 4.3% during the fourth quarter. Blair William & Co. IL now owns 5,349 shares of the company’s stock worth $367,000 after buying an additional 219 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

About Trip.com Group

Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services in China and internationally. The company acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus, and ferry tickets; travel insurance products, such as flight delay, air accident, and baggage loss coverage; and air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracker, and airport VIP lounge services.